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Rimfire Pacific Mining Options Lapse, Streamlining Capital Structure

Story Highlights
  • Rimfire Pacific Mining operates in the mining and exploration sector on the ASX.
  • The company confirmed 15.27 million unexercised options have expired, reducing its outstanding securities.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Rimfire Pacific Mining Options Lapse, Streamlining Capital Structure

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Rimfire Pacific Mining Limited ( (AU:RIM) ) has issued an announcement.

Rimfire Pacific Mining Limited, listed on the ASX under the code RIM, operates in the mining and exploration sector and manages a portfolio of securities forming its issued capital structure.

The company has announced the cessation of 15,266,665 options (RIMAD) with an exercise price of A$0.05 expiring 31 December 2025, which lapsed unexercised, resulting in a reduction of its outstanding convertible securities and a streamlined capital structure for existing shareholders.

The most recent analyst rating on (AU:RIM) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Rimfire Pacific Mining Limited stock, see the AU:RIM Stock Forecast page.

More about Rimfire Pacific Mining Limited

Average Trading Volume: 2,976,160

Technical Sentiment Signal: Hold

Current Market Cap: A$41.49M

Learn more about RIM stock on TipRanks’ Stock Analysis page.

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